Translated title of the contribution: Foreword

Research output: Chapter in Book/Report/Conference proceedingForeword / postscript

9 Citations (Scopus)


Bernadette Gral examines the relationship between financial slack and corporate performance in the European pharmaceutical industry during the financial crisis of 2007 to 2010. Her investigation includes correlational and regression analyses as well as the qualitative content analysis of newspaper articles. The results show that financial slack influences corporate performance measured as ROA based on net income, thus implying that firms use slack resources to enhance performance during crises. The findings support the arguments for a beneficial effect of financial slack on performance according to the resource based view and behavioral theory of the firm.

Translated title of the contributionForeword
Original languageGerman
Title of host publicationHow financial slack affects corporate performance : An examination in an uncertain and resource scarce environment
EditorsBernadette Gral (author)
Number of pages2
Place of PublicationWiesbaden
Publication date2014
ISBN (Print)978-3-658-04551-7
ISBN (Electronic)978-3-658-04552-4
Publication statusPublished - 2014
MoE publication typeB2 Book chapter


  • 512 Business and Management


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